Skin in the Game | Nassim Nicholas Taleb | Talks at Google
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Published 2018-11-08
Nassim explores the notion that 'skin in the game' is necessary for fairness, commercial efficiency, and risk management, and key to making sense of the world at large.
Get the book here: goo.gl/XbpgLR
All Comments (21)
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"You should never tell people what they should be doing. You should tell them what you're doing." Nassim Nicholas
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Some timecodes: 0:45 How I write 2:50 Lindy effect 7:00 Skin In The Game 11:35 Ludic Fallacy 14:15 Expert Problem 25:03 The Golden Rule 29:20 You cannot have political opinion without attaching a scale to it 30:50 Risk as virtue 32:50 The system don't learn because people learn 35:40 Law in Switzerland to limit the income for chief executives (didn't pass) 36:10 Christology 40:30 When people tolerate inequality 45:20 Which surgeon would you choose? Q&A: 47:05 Is mandatory conscription gonna create less wars? 52:25 Peacock's tail is NOT USELESS 53:20 How to decide what to read? 54:18 How long can a group of experts survive if they do not have "skin in the game"? 57:40 When the military intervention is justified?
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U can't walk away from risks u've created for others. Excellent line
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I once visited a hotel where they gave you a $10 daily credit if you chose not to have your room cleaned. I liked that.
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it's unbelievable how he gives the talk in this kind of a fractal manner where it's sometimes difficult to make sense of certain elements but as it starts approaching the end, everything becomes clearer and clearer and at the end it all makes sense - really good talk and interesting ideas!
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+ Talks at Google Hey, Around 34:37 Nassim speaks about a peacock. In the subtitles there is a part described as [INAUDIBLE]. The word he is saying there is Zehavian, as in Amos Zehavi, who coined the term "Handicap principle", and used the peacock as an example for it. Please see: https://en.wikipedia.org/wiki/Handicap_principle So the sentence should be: " And... The peacock, you know, the Zehavian peacock story, the peacock, why does the peacock have a big tail?"
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I like the peacock guy. That's skin in the game. Really putting yourself behind what you believe and that too by confronting Nassim Taleb on video that would be put on YouTube instead of quietly in a paper or in front of a receptive audience setting - ultimate risk taking.
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Baldness is an evolutionary mechanism for people to have more skin in the game, all else being equal.
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14:40 Taleb: Don't invest in restaurant business 2020: yes
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"Identity Politics is a form of Racial Segregation". So true, so very true.
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The segment at 46:27 reminds me of how Russell Peters said he'd never go to a doctor who was an Indian man raised in North America.
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7:20 The guy in the bottom left's reaction to no spoiler alert
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Nassim Taleb's book antifragile changed my life. I am so excited about this book. & also scared.
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He's got so much he wants to get out that he can't stick on most thoughts for long.. not a great speaker but interesting and genuine
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Great to listen to Taleb always A rare mix of truthfulness and genius
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The guy got pretty sentimental about the peacock
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Fantastic, Taleb's ideas are powerful and profound.
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Taleb smacking his 3 appearances per year, lately. Enjoy this gem.
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I completely agree.. so many books, especially the nonfictional ones can be summaries instead of full books!
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47:17 The most important point in this discussion, by far! 😎✌